On Thursday and Friday, Solana (SOL) received much-needed support. On Thursday, the introduction of Solana-based NFTs on OpenSea was SOL price positive.
Although on Saturday the bulls trading on an hourly period have had a rough start to the day as the “Ethereum killers” price is currently down by 10 percent in the last 24 hours and is trading at $108. Solana had two consecutive up days.
Will Solana(SOL) Price breach The $130 Mark or Fall Below $100?
To break past the first Major Resistance Level at $122.00, SOL must climb above the $116.49 pivot. To break clear of this morning’s high of $122, market sentiment would have to strengthen.
SOL should test the Second Major Resistance Level at $125.56 if another extended rally occurs. Solana should stay over $110 until there is a sustained sell-off throughout the day. $107.54 is the second major support level.
According to reports, the price of Solana (SOL) is on the verge of breaching again above $130. These last few days, bulls and bears have been trading against each other in the distribution phase between $105 and $120.
Bulls have won the war and have overpowered negative sell pressure by blowing up the demand side, thanks to the bullish breakthrough earlier this morning. Expect a rally to extend to $130.70, allowing bulls to reclaim control and extend the surge next week.
Solana’s ecosystem blooms
OpenSea, the leading non-fungible token (NFT) marketplace, has begun the long-awaited integration of Solana. According to data from the marketplace, the portal has already begun listing Solana-based collections, according to a story published yesterday.
The Solana functionality is currently in beta, according to the article. OpenSea opted to support 165 collections as part of this launch, including Solana Monkey Business, Degenerate Ape Academy, and DeGods, to name a few. However, according to marketplace statistics, the platform presently has 865,873 Solana-based NFTs listed.
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